IJM - Big 4 Contruction Company in Malaysia
IJM - Big 4 Contruction Company in Malaysia Company background: IJM Corp Bhd operates in construction, property development, manufacturing, infrastructure concessions, and plantations. When major construction companies such as Gamuda, SunCon, and YTL have seen their stock prices rise, one undervalued construction gem remains yet to take off. I would like to introduce you to IJM Corporation Bhd , a low price-to-earnings (PE) ratio company among Malaysia's top four construction firms. Catalyst: 1. IJM PE only 24.xx if compare to GAMUDA PE around 30.xx. 2. R ecently received the green light to proceed with the RM1.4 billion New Pantai Expressway extension and government housing project in Nusantara, Indonesia , estimated at RM1bil. 3. On the balance-sheet front, IJM’s low net gearing of 0.28 times provides ample space to fund the projects. 4. As for the group’s British ventures, contributions from its newly acquired JRL Group Holdings Ltd could begin as early as FY26. 5. UO...